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? this is big news. >>> former general electric ceo jack welch set off a firestorm yesterday sending out this tweet questioning the validity of yesterday's unemployment numbers accusing the administration of changing the numbers. mr. welch appeared on "anderson cooper 360" last night to talk about those allegations. >> i got a tweet out there that i stand by. >> right, but you don't, you don't regret -- >> i can't prove anything that they did anything to anything. >> in your heart you believe they somehow cooked the books? >> i don't really know. but i do know this. these numbers are implausible. >> but, you know, so many politicians these days are saying, you know, michele bachmann will say something that is not correct or not provable and say, look, i'm just asking the question. is it responsible to say, i'm just asking the question, but to say these chicago guys will do anything -- >> should have put the question mark at the end, like i did last night. a question mark would have been better at the end of that. >> so, you are kind of backing away from the chicago guys part? >> i'm not
, i think they'll be l. >> hey, larry, huge interview tonight. you have jack welch, what else is cooking? >> 7.8% unemployment. is this magic number of president obama for real or was it cooked? good evening, i'm larry kudlow. this is "the kudlow report." team obama doing a victory lap, rejoicing over the 7.8% victory lap. my guest, jack welch, is questioning whether the numbers were cooked to help president obama. mr. welch will respond live and talk to me in a moment. this whole thing comes as the romney roll continues. scott rasmussen has three polls showing a dead heat in battle ground states, hai, virginia, florida. even the liberal magazine "the new yorker" sees it on their front cover, mitt romney pulling a clint eastwood, debating an empty chair. first up, it was the tweet that was heard around the world. my good friend jack welch set off a social media firestorm. take a look at his tweet. "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers, end quote. he's chase by accusing the white house of skewing the data to help preside
right now. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how did we get there? here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard
was on twitter. the former ceo of general electric jack welch, general electric i should say is a minority owner of this company, mr. welch tweeted, quote, unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. jarek jarek -- jack welch accusing the white house of manipulating this month's jobs data so it would look better for the president. always up for a good conspiracy theory republican congressman alan west of florida concurred and wrote, quote, in regards to today's jobs report i agree with former ge ceo jack welch. chicago style politics is at work here. from there it was sort of off to the races. republican congressman paul brown of georgia, quote, september jobs report raises questions. quote, i don't think bls cooked numbers. i think a bunch of dems lied about getting jobs. that would have the same effect. that was from a senior writer at something called the washington examiner, a conservative thing online. eric bolling who is at fox news, he wrote, wow. obama labor department smarter than all 25 of america's top economists. or something far mo
. jack welch, the former v. owe of general electric, tweeted this. welch later came on cnn's "anderson cooper 360" and said if he had that tweet to do over again, he would have added one thing. >> so many politicians these days are saying like michele bachmann will say something that factually is nocht correct and they'll say i'm just asking the question. is it responsible to say i'm just asking the question, but to say they'll do anything. >> i should have put the question mark. a question mark would have been better at the back of that. >> so you are kind of backing away -- >> i'm not backing away. >> you wish you could amend your tweet? >> i wish i added a question mark to the back of it. but the same implications. >> to say something like this is like donald trump saying that president obama is not an american citizen without any proof. you are jack welch. you got to take this opportunity while everybody is listening to you to actually say yes, anderson, i'm taking that tweet back. i'm going to accepted a new tweet to say i was exaggerating. there are problems, maybe bls should loo
theorists who openly suggested the white house manipulated the numbers. forward ceo jack welch led the crowd with this tweet "unbelievable jobs numbers. these chicago guys will do anything can't debate so change numbers". he refused to back down on last night's msnbc. >> i have no evidence to prove that. i just raised the question. >> you didn't raise the question. you said these chicago guys will do anything so they change the numbers. you want to take that back? >> this is an assertion. >> jimmying with these numbers. corruption here. infiltration or getting to -- it's not funnies jack. you're talking about the president of the united states playing with the bureau of labor statistics numbers. this is mixing stuff. do you want to take back the charge here? >> i don't want to take back one word in that tweet. >> oh, this is good. what's the word from the white house folks today on these jobs numbers? are they being cautious about them at all? >> you heard the president be cautious. the president and his advisers and everybody on down the line is going to be very quick to add that there are
," but i don't get it. >> a much stronger reaction from former ge ceo jack welch who tweeted unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. and from florida tea party congressman alan west. he put up i agree with former ge ceo jack welch. chicago-style work involved it. solis responded to the suggestion the numbers were cooked. >> i'm insulted when i hear that, because we have a very professional civil service organization where you have top, top economists that work at the bls. they've been doing these calculations. these are our best trained and best skilled individuals that have been working in the field. it's really ludicrous to hear that kind of statement. >> let's bring in our "news nation" political panel today. john harwood and zachary ca caribel. thank you, gentlemen, for joining me. john, i want to come to you first because i want to play what president obama and governor romney said just a short time ago reacting to the jobs reports. let me play those first, both of them. >> there were fewer new jobs created this month than last
in the latest job report and showing a dip in the unemployment. former chairman jack welch is skeptical. meaning that employers added a modest 114,000 jobs and the drop comes at a critical time for the president who is coming off a weak debate performance with romney. joining us is new york times best selling author out with the latest book. ann coulter. at this point in time the president said we will be at 5.6 and enjoying that part of the economy and a more comfortable position and now they are running with this new number. what is your response. >> it is noticeable that a lot of economist are saying this is not possible. you would need more than 114,000 jobbings. i don't think it matters except to broadcasting tv shows or writing for newspaper what number they throw up on the screen. people know they are out of work and in jobs and they are way overqualified for and working part-time. so many people are going out of business and under working now. 23 million unemployed difference does it make? >> the numbers simply write away the 211,000,000 people stopping to look for people. >> oh, yes. pe
explanation. >> okay. look, it's not just jack welch, whom we heard from, perpetuating this conspiracy theory. look at these interviews. congressman alan west, senator john mccain both on cnbc. here we go. >> i know. >> you are alleging specifically that the president is engaging in a cover-up of the data. you are saying that the administration is actively manipulating that data. correct? >> well, absolutely. >> frankly, i am not enough of an economist to question exactly what those numbers are. our discussion about the warren act that just took place where there are blatant violations of the law, i wouldn't put anything past this administration. >> you know, these are sitting members of congress. >> yeah. >> alan west won, of course. we know his party. he's very conservative nap said, john mccain. are you surprised by his comments? >> i'm very surprised by his comment. all of those comments, they're not just deeply irresponsible, but without a shred of evidence they are casting doubt about a very important number in our economy. now, if you understand the way the bureau of labor statistics c
people on both sides of the aisle. jack welch is almost famous or infamous by now. jack welch, the former ceo of general electric, tweeting out that, you know, the innuendo that the bureau of labor statistics had cooked the books. that was called utter nonsense by the deputy white house spokesman. others, including jared bernstein, who is an economist here until recently in the white house, said that welch should be ashamed of himself. you know, he's sort of out there on an island, jack welch. he was on "hardball" last night and he said he wouldn't take a word back of that tweet, but he admitted he had no evidence the to back it up. again, there are people on both sides of the aisle who are rushing to defend the integrity of the people who get those numbers together every month, melissa. >> the president said the burden is now on congress. what is it that the president now wants congress to do? >> reporter: congress is not coming back until after the election. that is clear. and the first order of business at the lame duck session is what to do about the fiscal cliff, this whammy, this tr
chief jack welch on the record saying he thinks there are funny numbers at work here and it is tied to the president's for performance. connell: californians hoping you filled your gas tank yesterday because prices spiking overnight on the west coast. we will tell you about that. dagen: stocks every 15 minutes. nicole petallides at the stock exchange with some green. nicole: this is a day on wall street. we got the monthly jobs report which came as a complete surprise to everybody on wall street as we look at the dow jones industrials which are up 65 points but the dow has moved to levels we have not seen since december of 2007. highest level for the dow since 2007 and among the dow components so many of them are hitting 52 week highs. home depot and verizon and general of dr. kent walmart and pfizer and ibm, merck and 3 m. many viewers may own mutual funds. as traders digest this monthly jobs reports some are trying to make heads or tails of it. a shock on wall street but right now this market continues to move to the upside. connell: we should hear from the president on his reacti
.e.o. of general electric, jack welch, seemed to suggest that the job numbers were too good to be true. look at this tweet he sent out and i quote, "unbelievable jobs numbers. the chicago guys will do anything, can't debate? change the numbers." the labor secretary called the accusations ludicrous adding and i quote, "i'm insulting when i hear because we have a very professional civil service organization, these are hour best trained and most skilled individuals." jack welch will be the guest of neil cavuto on "your world" next hour. joining us is the author of "rebounders, how winners pivot from set back to success." good to see you. you don't think anyone is cooking the books? >>guest: i never would say this about jack welch, an accomplished business executive but the suggestion is silly. there are a lot of variation in the surveys. we heard about that a few moments ago. what is likely to happen in the next month or two, the numbers are too high or too low and the next set of numbers are revised. they start, the surveys, they come closer to together. there were oddities in the survey. but
. jack welch is here and only here. welcome, everyone, i am here no neil cavuto and this is "your world." the tweak that has everyone talking, jerk welch tweeting this moments after the release of the jobs report. these chicago guys will do anything. can't debate? change the numbers. the labor secretary calling the charge "ludicrous." jack welch. >>guest: i have been called worse than that by some. look, i have no idea where this number came from but you look at it and we added 600,000 jobs in the government sector in august and september which is the largest number we have had since the study has been done, 600,000 jobs. in september, household employment added 780,000 jobs. that's the highest since 1983. i have been reviewing bigs all week, some dozen businesses. no one is stronger than they were in the third quarter than in the 2nd quarter. we have been told there are needed 150,000 to 200,000 to stay even. the last two months we have gone from 83 to 81, and now we are changing the household number assumptions. i don't know what the right number is, but i will tell you these numbers
cooked, were fixed. former ceo of g.e. >> jack welch. >> jack welch say they were fixed or something? >> he said definitely those guys from chicago they can't debate so they're cooking the books. >> bill: do you take that seriously? >> no. i do not take it seriously. i have to say jack welch gave us a good laugh because he he was serious. >> bill: welch believes these are bogus numbers? >> that's what he said. it's the kind of nonsense what's really book here. 50,000 they survey the establishment survey it's called services and government is about 150,000 there is a lot of volatility. people going around saying this hasn't happened in 30 years. >> bill: in your opinion though, there are more jobs being added pushed from full time into part time. they are younger, less educated. unskilled. lower paying. >> if you are working part time you come off the unemployment rolls, that goes into the unemployment rate. that's a legitimate thing to talk about this is important. 14.7% unemployment when you include the marginally attached to the workforce. that is precisely the same number as the p
that president obama is not an american citizen without any proof. you are jack welch. >> more of that heated exchange next. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. inspiration. great power. iconic design. exhilarating performance. [ race announcer ] audi once again has created le mans history! [ male announcer ] and once in a great while... all of the above. take your seat in the incomparable audi a8. the highest-ranked vehicle appeal among large premium cars by j.d. power and associates. ♪ ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. >>> friday's jobs report was good news, both for americans and for president barack obama's re-election effort, but some people like former general electric ceo jack welch hinted that the obama campa
two years in several decades during this recovery. >> you know, jack welch, the former ceo of ge, he tweeted this because he didn't believe these numbers. he tweeted "unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers." now, there are others who are suggesting there was political influence over the bureau of labor statistics that are driving these numbers, trying to make the president look good only a few weeks before the election. you're familiar with the economists, the statisticians who work there. what do you say to these folks who see some conspirator yal involvement out there. >> that's totally, totally insane. i'm friend with jack welch and i tweeted him back. i said, jack, i love you, but on this one you've just flat out lost your mind. there's an ironclad firewall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past
. but some nay sayers wonder if it is too good to be true. jack welch, former ceo, tweets unbelievable jobs numbers, the chicago guys will do anything, can't debate, so change numbers. and one group suggested maybe somebody played with the numbers. >> very good timing for the president. if he mapped it out to be able to have it, this is one you would want to have. he placed the unemployment as the longest time in history knew. >> but the labor department scoffed at the notion that anybody manipulated the jobs report. >> it is collected by the interviewers who are all career federal employees. so you would have to imagine that the people who participate in the survey, and they do this voluntarily, are for some reason trying to manipulate things. >> and it is not unusual for the surveys, one based on asking the companies, the other based on asking individuals, to have a wide difference, why? the household survey shows all sorts of workers, including self-employed and certain agriculture workers. and it is based on a much smaller sample than the other businesses. keith hall says that the numbe
. it raised some suspicions among governor romney's allies. on friday morning, jack welch, the former chairman of ge said unbelievable job numbers. these chicago guys will do anything. can't debate so change numbers. steve forbes follows up and says welch is right. does governor romney put any stock in those theories and have any suspicions at all about the bls numbers? >> george, the numbers themselves are very damning. when you look at it, we had fewer jobs created in september than were created in august, fewer jobs created in august than were created in july. our unemployment rate has come down because for -- since president obama took office, for every new job created, more than six workers have left the labor force. if labor force participation was what it was when the president took office, unemployment would be around 10.7%. these jobs that were added in september were largely part-time jobs. so we still have 23 million americans -- that number has not changed at all -- who are either unemployed or out of work entirely or are underemployed working or out of the workforce entirely or un
, some saw a conspiracy. jack welch, former chairman of ge accused the white house of cooking the books he said these chicago guys will do anything when pressed by chris matthews, he wouldn't take it back. >> i have no evidence to prove that. i just raised the question. >> did you talk to the economists or any of the people in the accounting world that understood how the numbers were put together before you accuse the chicago guys of changing the numbers? >> it seems like a coincidence, that one month before the election they would end up at 7.8. >> reporter: the numbers are crunched by the economists and the independent bureau of labor statistics, civil servants, not employees. >> these are skilled people working in the bls, it is ridiculous to hear that kind of statement. >> reporter: a prominent romney supporter agrees. >> there was no way they were manipulated for political purposes. the people that put it together were civil servants, the experts in the area. the process was one of integrity. >> reporter: while some see it as a boost, romney is trying to neutralize the attack, over
is the former g.e. ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate? >
cooked. jack welch the former ceo of general electric tweeted this. unbelievable jobs numbers. these chicago guys will do anything. can't debate, change numbers. he later came on "anderson 360" and said if he had that tweet to do over, again, he would have added one thing. >> so many politicians are saying these days, michele bachmann will say something that is factually not correct. not provable and say, look, i'm just asking the question. is it responsible to say i'm just asking the question, but these guys aren't doing anything, i'm just asking a question. >> i should have put a question mark at the end of that. >> so, you are kind of backing away from the chicago guys part? >> i'm not back away from anything. >> do you wish you could amend your tweet? >> the same implications. >> to say something like this is like donald trump saying president obama is not an american citizen without any proof. you are jack welch. you have to take this opportunity while everybody is listening to you to say, yes, anders anderson, i'm taking that tweet back. i'm sending a new tweet to say i
a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate? >> the same administration not telling the truth about benghazi and libya and the death of four americans. there are very important questions that need to be asked of the obama administration. when you look at the hardidate athere is no way to explain how the rate decreased from 8.1% to 7.8%. as the former director of the nonpartisan cbo put it, it is simply implausible. a few things to keep in mind. the real unemployment rate remain
Search Results 0 to 49 of about 98 (some duplicates have been removed)

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